Oil prices climbed nearly 5% on Tuesday after news that Saudi Arabia will make voluntary cuts to its oil output, while international political tension simmered over Iran’s seizure of a South Korean vessel.Brent crude futures rose $2.51, or 4.9%, to set…
Oil Prices Jump 5% on OPEC+ Output Talks, Iran Tension Read More »
Fewer tanker shipments likely as oil kingpin volunteers to reduce output by 1m bpd in February and March
Surprise Saudi self-sacrifice hurts tanker market prospects Read More »
Boxship rates have improved 46% since late November, according to Freightos index
Navios Containers ‘very attractive’ buy for Navios Partners Read More »
Wilson Sons will start in the first quarter of 2021 the construction of six tugboats, at its shipyards in Guarujá (SP), helping to grow the company’s fleet, the largest in Brazil today with 80 tugboats. Click here to read a related story on the depth…
Shipbuilding: Wilson Sons Unveils Plan to Build Six Tugboats Read More »
Fairbanks Morse, a portfolio company of Arcline Investment Management, has acquired Ward Leonard Operating, LLC, a provider of motor and control solutions for military applications. This acquisition will expand the scope of power and propulsion…
Fairbanks Morse Acquires Ward Leonard Read More »